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About the Listing LOCQUB - 36742
HIGHBRIDGE MULTIFAMILY OPPORTUNITY — APPROX. 3,750 SF | R7-1 ZONING | MINUTES FROM MANHATTAN An opportunity to acquire a substantial multifamily property in the Highbridge section of the Bronx. 918 Summit Avenue offers approximately 3,750 square feet of existing building area across three stories, providing the scale and flexibility sought by local landlords, owner-investors, value-add buyers and long-term holders. The property includes three residential units, including two spacious 3-bedroom/2-bath residences, and provides existing rental income while offering an opportunity to enhance the property's performance over time through thoughtful management and repositioning. For experienced investors, builders and developers, the property's R7-1 zoning adds another dimension to the opportunity. Buyers can evaluate the site and existing improvements based on their individual long-term strategy, including potential redevelopment or other opportunities permitted by zoning. All zoning, buildable area and development possibilities should be independently verified by the purchaser. The location offers convenient access to Manhattan, Yankee Stadium, major transportation and the surrounding Highbridge/Ogden Avenue corridor, making it particularly attractive to buyers already familiar with and investing in this part of the Bronx. For a purchaser looking beyond a simple day-one cap rate, 918 Summit offers something different: a sizable existing multifamily asset, established rental income, income-growth potential, R7-1 zoning and long-term optionality in a location close to Manhattan. Hold it. Improve it. Reposition it. Explore its future potential.
Listing Highlights
Interior Details
- Bedrooms: 6
- Bathrooms: 4 Full
- Appliances:
- Air Cond: Wall/Window Unit(s)
- Heating: Baseboard
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Partial
- Other: High Ceilings,Open Floorplan,Storage
- Water: Public
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: N/A
- Lot Dimensions: 19.12 ft x 100 ft
- Roof:
- Others: Updated/Remodeled,Renovated
- Sewer: Public Sewer
Financial Details
- Tax Amount: $8,320
- Taxes w/Assessments: N/A
- Tax/Property ID: 02524-0010
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
918 Summit Ave Bronx, NY 10452
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